State Scores Top Bond Ratings, Despite Irene Setbacks

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(Host) The state of Vermont has once again received high ratings from the three major investor services.

Moody’s Investor Services, Fitch Ratings and Standard & Poor’s have reaffirmed their previous assessments, giving Vermont the highest general obligation bond ratings of all the New England States.

The agencies cited Vermont’s strong financial management and conservative debt management among the reasons for the state’s ranking.

State Treasurer Beth Pearce says this bodes well for the future financial stability of Vermont.

(Pearce) "This translates into savings of hundreds of thousands of dollars when we borrow for capital needs, such as state buildings, public safety and other needed infrastructure.  These capital projects, in turn, create jobs and promote economic development, so it’s a win all the way around."  

(Host) Pearce says the state will continue to proactively manage future debt obligations and build rainy day reserves.    

Click ‘Listen’ to hear the full interview with State Treasurer Beth Pearce.


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